The First Quarter Of 2011, The Sales Profit Margin Of Garment Industry Is High.
A few days ago, the economic prosperity index research center of the economic daily news and the China Economic Prosperity Monitoring Center released by the State Statistical Bureau of China economic prosperity index report showed that: in the first quarter of 2011, the domestic market was facing
Labor shortage
Labor costs rise.
RMB appreciation
China's economy is growing rapidly, and the economic growth in developed countries and regions is weak and the European debt crisis is spreading.
Many problems and pressures have a great impact on the operation of the garment industry, resulting in the recent decline of the garment manufacturing industry and the failure to continue the upward trend of the fourth quarter of 2010.
Among them, production, employment and other year-on-year growth accelerated, fixed asset investment year-on-year growth rate Da LiShi Tsgau, while the growth rate of export, sales revenue, gross profit and other indicators has slowed down, but the industry sales profit rate has reached the highest level in history, and the deficit has narrowed further.
The report showed that garment production grew faster than the same period last year, and the growth rate slowed down.
After preliminary seasonal adjustment, China's clothing output in the first quarter of 2011 was 8 billion 810 million, an increase of 41.5% over the previous year, an increase of 15.8 percentage points over the previous quarter, an increase of 9.7% over the previous quarter, an increase of 1.5 percentage points from the previous quarter.
In the first quarter of 2011, the year-on-year growth rate of garment production was accelerated, mainly due to the lower base last year and the increasing demand for thermal clothing in European market.
Last year, garment production was only 6 billion 230 million.
Due to the cold weather in Europe last winter, the demand for thermal clothing in the European market is increasing. Since last November, many domestic garment export enterprises have received a large number of orders from European customers for winter clothing, which boosted the trend of clothing production in the first quarter of this year.
Factory prices hit a record high.
In the first quarter of 2011, the producer price of garment manufacturers increased by 4% over the same period last year, a year-on-year increase, a 1.9 percentage point increase over the previous quarter.
From the producer price trend of garment manufacturers, the prices of raw materials such as cotton, chemical fiber and cotton cloth rose all the way.
The labor
The rise of costs and other factors will help boost garment factory prices.
Although the price of cotton fell at the end of last year after the policy adjustment, it then resumed to rise again. Before the Spring Festival this year, the price of international cotton futures has been trading for 3 consecutive days, and domestic cotton futures prices have been rising. After the Spring Festival, the price of cotton in the United States has been rising and other factors affecting the price of 30 thousand yuan / ton.
The impact of raw material prices on garment manufacturing enterprises will continue.
Exports grew faster than the same period last year, and the decline was widened.
After the preliminary season adjustment, the first quarter 2011 garment export volume was 34 billion 630 million yuan, up 9.4% from the same period, 16.9 percentage points faster than the last quarter, and the ring ratio declined by 5.5%, and the decline was 0.4 percentage points compared to the last quarter.
With the pressure of RMB appreciation and the price increase of garment export products, the competitive advantage of China's clothing export products has dropped significantly. Some foreign customers have begun to reduce their purchases in China, and some of their orders have been lost to Bangladesh, Vietnam and other countries and regions.
In particular, under the pressure of appreciation of the RMB against the US dollar, Vietnam and other countries have devalued the US dollar, to a certain extent, exacerbated the pressure of order pfer, especially for low-end products.
In addition, a large number of factors such as the large export base in the same period last year superimposed, resulting in the first quarter of 2011, the volume of garment export growth slowed down sharply, the decline was again widened.
The year-on-year growth in sales slowed down and the decline was widened.
After a preliminary seasonal adjustment, the sales revenue of clothing manufacturing industry in the first quarter of 2011 was 283 billion 990 million yuan, up 16.8% from the same period last year. The year-on-year growth rate dropped 15.2 percentage points faster than that of the previous quarter, which has dropped from 19.2 percentage points from the first three quarters to 19.2 percentage points.
Sales profit margins are at an all-time high.
After a preliminary seasonal adjustment, the total profit of the garment industry in the first quarter of 2011 was 17 billion 650 million yuan, an increase of 42% over the same period last year. The growth rate slowed down 1.9 percentage points from the previous quarter, and the ratio fell from 12.8% to 12.8% in the first two quarters.
But the total profit of garment manufacturing industry is still at a relatively high level.
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The sales profit margin (gross profit / product sales revenue) of garment manufacturing industry is 6.2%, which is 0.4 percentage points higher than that of the previous quarter, higher than that of all industrial sales margins (6%).
The report believes that in the coming period, the impact will continue to deepen.
With the addition of various unfavorable factors, structural adjustment of garment manufacturing industry will become inevitable. Garment manufacturing industry will face a new round of shuffling.
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China'S Labor Costs Increase And Textile And Apparel Buyers In Western Europe Are In Trouble.
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